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Fire Protection Systems Market 2018 Global Industry Analysis, Size and Forecast 2023 by Honeywell International, Siemens AG, Tyco International PLC, Johnson Controls, United Technologies, Robert Bosch GmbH, Hochiki, Halma, Minimax Viking GmbH and Gentex
Fire Protection Systems Market to Register A CAGR of 8% till 2023
August 13, 2018 – Align Capital Partners (US), a private equity firm announced the merger of ABCO Fire Protection into its fire safety platform company, ISA Fire and Security (US). Align had acquired ISA from Gen Cap America, Tennessee private equity firm in January this year following a recapitalization. The deal provides Align with a unique opportunity to achieve the next phase of growth.
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Fire Protection Systems Market – Geographical Analysis
North America region leads the Global Fire Protection Systems Market and is expected to witness a fabulous market growth during the review period. Technological advancement and increased adoption of automation across the residential and industrial construction projects are some of the key driving forces behind the market growth. The growth is predominantly driven by the augmented demand & availability of quality automated system in the region.
Europe is another lucrative market for fire protection systems drawing a substantial market share. The market is poised to witness huge growth over the review period. The increasing smart homes and automation project are fostering the market growth in the region. Simultaneously, the proliferation of smart and connected devices along with the penetration of Internet is substantiating the market growth. Simultaneously, the regulatory mandates introduced in the region coupled with the presence of large untapped consumer base are providing impetus to the market growth.
The Asia Pacific market for fire protection systems perceives a rapid expansion stage backed by the growing markets in China, Japan and India. The wide uptake of connected devices along with the presence of sensors manufacturing companies acts as a major driving force to the market growth in China and India.
Global Fire Protection Systems Market – Competitive Analysis
Players operating in the competitive market of fire protection systems strive to offer simplified solutions that can improve installation and modification times and reduce overall costs. these players by avoiding the need for cumbersome tasks are improving safety as well as the installation times of their systems.
Key players provide everything from pre-planning services to installation and maintenance including a survey and analysis of the site, along with a review of the building's use and local codes and an examination of the site's FM, insurance, needs, and a water flow examination for planning installation.
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